American Airlines Group Inc. (NASDAQ:AAL) Sees Significant Decrease in Short Interest

American Airlines Group Inc. (NASDAQ:AAL) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 47,430,000 shares, a drop of 16.7% from the November 15th total of 56,940,000 shares. Based on an average trading volume of 33,710,000 shares, the days-to-cover ratio is currently 1.4 days.

American Airlines Group Stock Performance

NASDAQ AAL opened at $16.92 on Friday. The business has a fifty day moving average price of $14.06 and a 200 day moving average price of $11.94. The company has a market cap of $11.12 billion, a P/E ratio of 51.27, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group has a one year low of $9.07 and a one year high of $18.20.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts predict that American Airlines Group will post 1.62 EPS for the current fiscal year.

Institutional Trading of American Airlines Group

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. UMB Bank n.a. raised its position in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the period. ORG Partners LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. Sentry Investment Management LLC purchased a new position in shares of American Airlines Group during the second quarter worth $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group in the second quarter valued at $43,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AAL shares. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Barclays increased their price objective on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $15.99.

American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.